Nordic Group

Something's brewing or someone's very interested in buying: All 277,000 shares traded so far today were bought at 39.5 cents.

Potentially, share price can reach 50 cents by end of the year, imho.

As I enjoy Thai lunch, I see all 120,000 shares traded were at 40 cents. No more left at 40 cents. Nordic is riding on a record orderbook, and its earnings will be a steady uptrend. IMHO

20% growth is the incredible "normal" growth that Nordic is able to deliver consistently.

2Q results accordingly led to an Increase in interim dividend to 0.653 Singapore cents. (=40% payout).

10% higher revenue,
17% higher gross profit
22% higher net profit.

A record high today at 52 cents!
Now its market cap is about $204 m.

Nordic was reported to be projecting $15.2 m in net profit for this year in this article:
www.nextinsight.net/story-archive-mainme...7/11707-nordic-group

The PE is about 13.6.
Quite cheap still!

I am amazed at the chairman's purchase of 3,312,500 ordinary shares for S$1,656,250.

on 20 Oct 2017 at 50 cents a share.


infopub.sgx.com/FileOpen/_eFORM1V2%20CYH...cement&FileID=474831


He thinks it will be worth how much in how many years time?

$1.00 in Year X?